Zebra Technologies Co. (NASDAQ:ZBRA) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its holdings in Zebra Technologies Co. (NASDAQ:ZBRA - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 739,933 shares of the industrial products company's stock after selling 86,916 shares during the period. Franklin Resources Inc. owned about 1.44% of Zebra Technologies worth $202,246,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Daiwa Securities Group Inc. lifted its position in Zebra Technologies by 2.4% during the third quarter. Daiwa Securities Group Inc. now owns 5,375 shares of the industrial products company's stock valued at $1,271,000 after purchasing an additional 128 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Zebra Technologies by 27.5% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,597 shares of the industrial products company's stock valued at $378,000 after acquiring an additional 344 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Zebra Technologies by 16.1% in the third quarter. Private Advisor Group LLC now owns 2,595 shares of the industrial products company's stock valued at $614,000 after acquiring an additional 359 shares in the last quarter. Hartline Investment Corp lifted its position in shares of Zebra Technologies by 1.8% in the third quarter. Hartline Investment Corp now owns 16,716 shares of the industrial products company's stock valued at $3,954,000 after acquiring an additional 299 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Zebra Technologies by 13.2% in the third quarter. Signaturefd LLC now owns 851 shares of the industrial products company's stock valued at $201,000 after acquiring an additional 99 shares in the last quarter. Institutional investors own 91.03% of the company's stock.

Zebra Technologies Trading Up 1.6 %

NASDAQ ZBRA traded up $5.20 during trading hours on Wednesday, hitting $326.98. 230,701 shares of the company were exchanged, compared to its average volume of 375,351. The stock has a 50-day moving average price of $298.38 and a 200 day moving average price of $268.33. The company has a quick ratio of 0.56, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. Zebra Technologies Co. has a 52 week low of $194.59 and a 52 week high of $327.09. The stock has a market cap of $16.81 billion, a PE ratio of 64.88 and a beta of 1.76.

Zebra Technologies (NASDAQ:ZBRA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.13 by $0.71. The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.15 billion. Zebra Technologies had a return on equity of 13.05% and a net margin of 5.99%. The firm's revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.59 earnings per share. Analysts forecast that Zebra Technologies Co. will post 10.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com upgraded Zebra Technologies from a "sell" rating to a "hold" rating in a research report on Thursday, May 2nd. Stephens boosted their target price on Zebra Technologies from $335.00 to $380.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 1st. Robert W. Baird boosted their target price on Zebra Technologies from $312.00 to $330.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 1st. Barclays started coverage on Zebra Technologies in a research report on Tuesday, April 2nd. They issued an "equal weight" rating and a $292.00 target price on the stock. Finally, Truist Financial reiterated a "hold" rating and issued a $315.00 target price (up from $300.00) on shares of Zebra Technologies in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $312.27.

Insider Activity

In other news, insider Michael Cho sold 1,657 shares of the company's stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the transaction, the insider now owns 3,809 shares of the company's stock, valued at $1,220,822.59. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Michael Cho sold 1,657 shares of the company's stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $320.51, for a total transaction of $531,085.07. Following the transaction, the insider now owns 3,809 shares of the company's stock, valued at $1,220,822.59. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Colleen M. O'sullivan sold 135 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $279.36, for a total value of $37,713.60. Following the completion of the sale, the chief accounting officer now owns 5,543 shares of the company's stock, valued at approximately $1,548,492.48. The disclosure for this sale can be found here. Insiders own 1.04% of the company's stock.

About Zebra Technologies

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking, and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers that produce labels, wristbands, tickets, receipts, and plastic cards; dye-sublimination thermal card printers that produce images, which are used for personal identification, access control, and financial transactions; radio frequency identification device (RFID) printers that encode data into passive RFID transponders; accessories and options for printers, including carrying cases, vehicle mounts, and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution.